Government vows to control risks in financial markets

Steps will be taken to redirect capital toward producing goods and services and away from speculation. Li Xiang reports.

China has shifted the focus of its financial policy toward controlling risks, underscoring the desire of the nation's policymakers to contain systemic risks and ensure financing for real economic activities, such as providing goods and services.

In the Government Work Report, delivered to the National People's Congress, the country's top legislative body, Premier Li Keqiang warned about the accumulation of risks in areas such as nonperforming loans, bond defaults, shadow banking and internet finance.